Studies have shown that years of formal education of the entrepreneur before starting a new firm were related to eventual venture inclination, (Hirsrich, 1989). DeTienne, and Chandler (2007), also propose that education and experience are antecedents to the decisions to start a business. Three most common skills include: human skills - the ability to interact and motivate; technical skills - the knowledge and proficiency in the trade; and conceptual skills - the ability to understand concepts, develop ideas and implement strategies. Competencies include communication ability, response behavior and negotiation tactics.